Australia and Oceania: Frozen Eels Market 2022

Frozen Eels Market Size in Australia and Oceania

In 2020, the frozen eels market in Australia and Oceania increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption saw a significant increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of consumption peaked in 2020 and is expected to retain growth in the immediate term.

Frozen Eels Production in Australia and Oceania

In value terms, frozen eels production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Production By Country in Australia and Oceania

The country with the largest volume of frozen eels production was New Zealand (X tons), comprising approx. X% of total volume.

From 2007 to 2020, the average annual rate of growth in terms of volume in New Zealand totaled +X%.

Frozen Eels Exports

Exports in Australia and Oceania

In 2020, shipments abroad of frozen eels increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen eels exports skyrocketed to $X in 2020. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

New Zealand prevails in frozen eels exports structure, accounting for X tons, which was approx. X% of total exports in 2020. It was distantly followed by Australia (X tons), achieving a X% share of total exports.

New Zealand was also the fastest-growing in terms of the frozen eels exports, with a CAGR of -X% from 2007 to 2020. Australia (-X%) illustrated a downward trend over the same period. New Zealand (+X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, New Zealand ($X) remains the largest frozen eels supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports.

In New Zealand, frozen eels exports decreased by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

The frozen eels export price in Australia and Oceania stood at $X per ton in 2020, growing by X% against the previous year. Over the period under review, the export price, however, recorded a mild curtailment. The level of export peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia.

Frozen Eels Imports

Imports in Australia and Oceania

In 2020, imports of frozen eels in Australia and Oceania contracted dramatically to X tons, falling by -X% against the previous year. Overall, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. The volume of import peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, frozen eels imports contracted significantly to $X in 2020. Over the period under review, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Australia (X tons) represented the major importer of frozen eels, making up X% of total imports. New Caledonia (X kg) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Nauru (X%). Palau (X kg) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to frozen eels imports into Australia stood at -X%. At the same time, New Caledonia (+X%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2007-2020. Nauru and Palau experienced a relatively flat trend pattern. From 2007 to 2020, the share of New Caledonia, Nauru and Palau increased by +X%, +X% and +X% percentage points, while Australia (-X p.p.) saw their share reduced.

In value terms, New Caledonia ($X) constitutes the largest market for imported frozen eels in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by Palau, with a X% share.

In New Caledonia, frozen eels imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Palau (-X% per year).

Import Prices by Country

The frozen eels import price in Australia and Oceania stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was New Caledonia ($X per ton), while Nauru ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Caledonia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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